Mezo is an EVM-compatible protocol that allows users to engage in a variety of DeFi activities using BTC, such as staking, borrowing, and lending, without needing to sell BTC. Mezo empowers BTC holders to put their assets to work and generate returns while maintaining their exposure.
Overview
What is MEZO?
Mezo enables BTC holders to bridge BTC to the Mezo network, lock assets to earn rewards, and participate in governance by pairing veBTC and veMEZO NFTs.
How to receive your MEZO_MEZO token distribution
Create a MEZO_MEZO wallet in your Anchorage organization and vault, then reach out to your Client Experience or Relationship Manager to set up distributions via Atlas.
MEZO support on Anchorage Digital vs. Porto
- You can lock/stake BTC and MEZO on both Anchorage Digital and Porto.
- You can provide liquidity to pools on Mezo from Porto only. By providing liquidity and staking your LP position, you can earn more rewards from Porto.
What happens with MEZO staking?
BTC:
- Users can bridge BTC to Mezo to receive BTC_MEZO.
- Users can use their bridged BTC_MEZO to stake and receive a veBTC NFT that represents your locked BTC.
- Users can pair your veBTC and veMEZO to boost rewards and vote on staking gauges.
MEZO:
- Users can use MEZO to stake and receive a veMEZO NFT that represents your locked MEZO.
- Withdraw your MEZO from veMEZO after the staking duration period completes.
- You must have a small amount of BTC_MEZO in your wallet in order to lock MEZO.
Important considerations
Use anchorage.mezo.org to access the Mezo dapp for Anchorage. mezo.org is the dapp found on the Mezo website but is not updated to work with Anchorage.
Locking your BTC_MEZO for any duration locks your funds for the entire duration. Mezo does not allow unlocking before the lock period ends.
The minimum amount of BTC to bridge from the Bitcoin to Mezo network is 0.01 BTC.
Anchorage does NOT support MUSD borrowing on Anchorage Digital — you can use these features on Porto.
Transfers of your veBTC or veMEZO NFT must be initiated from the Anchorage iOS app (not the Anchorage client dashboard).
Step 1: Connect Mezo to your Anchorage account
Log in to Anchorage Digital
Log in to your Anchorage Digital account.
Create a MEZO wallet
Create a MEZO_MEZO wallet under the vault you wish to use. We will call this wallet “Mezo Wallet #1.”
Add Mezo as a connected app
Go to Web3 > Add an App. Select Mezo from the app dropdown. Choose the vaults with MEZO to connect. Add Mezo to the allowlist.
Connect via WalletConnect
Go to anchorage.mezo.org and tap Sign-in. Click Continue with Porto, then click WalletConnect.
Scan the QR code
Go to your Anchorage iOS app and tap on the QR code button in the top right portion of the screen. Scan the QR code on the anchorage.mezo.org website.
Select your wallet
Select “Mezo Wallet #1” as the wallet to connect to the Mezo dapp.
Accept terms
Accept the Terms of Service on the Mezo dapp. Create a username or skip to the Mezo dapp homepage.
Bridging BTC
Bridge BTC from the Bitcoin network to the Mezo network
Connect to Mezo
Follow the steps to connect Mezo to your Anchorage account.
Create a Mezo deposit address
From the Mezo dapp homepage, click on Deposit.
Enter bridge amount
Enter the amount of BTC you wish to bridge to Mezo.
Send BTC
Copy the BTC address and send your BTC to the Mezo address. After you send the BTC to the Mezo address, Mezo will send BTC_MEZO to your Mezo address.
Bridge BTC back from the Mezo network to the Bitcoin network
Connect to Mezo
Follow the steps to connect Mezo to your Anchorage account.
Initiate withdrawal
From the Mezo dapp homepage, click on Withdraw. Enter the amount of BTC you want to bridge from Mezo back to the Bitcoin network.
Enter BTC destination address
Enter the BTC address that you wish to send the bridged BTC to. Click Continue.
Approve and confirm
Click on Approve BTC for withdraw. From the Anchorage iOS wallet, quorum approve the operation. Mezo will send the BTC back to your specified BTC address.
Staking or locking BTC
Locking BTC_MEZO to receive rewards
Connect to Mezo
Follow the steps to connect Mezo to your Anchorage account.
Initiate lock
After you bridge BTC from the Bitcoin network to the Mezo network, you will see your BTC on Mezo from the Mezo dapp. From the Mezo dapp homepage, click on Lock.
Enter lock details
Enter the amount of BTC_MEZO you wish to lock. Enter the staking duration: 6, 13, 20, or 27 days.Locking your BTC_MEZO for any duration locks your funds for the entire duration. Mezo does not allow unlocking before the lock period ends.
Approve the lock
Click the Lock button, then click Approve. Go to your Anchorage iOS app to quorum approve the operation. After you quorum approve, you may have to refresh the Mezo dapp to proceed to the next step.
Complete the lock
Go back to the Mezo dapp and click the Lock button again. Go to your Anchorage iOS app to quorum approve the operation. After you quorum approve, the Mezo dapp will display your locked BTC as a veBTC NFT.
Withdraw BTC_MEZO from veBTC
Connect to Mezo
Follow the steps to connect Mezo to your Anchorage account.
Initiate withdrawal
After you lock your BTC_MEZO, you will see your veBTC on Mezo from the Mezo dapp. Click on Withdraw All, then click Claim, then click Withdraw.
Approve
Go to your Anchorage iOS app to quorum approve the operation. Have your team members quorum approve the operation from the Anchorage iOS app. Anchorage will risk review the operation. The withdraw will complete.
Claim BTC_MEZO from veBTC
Connect to Mezo
Follow the steps to connect Mezo to your Anchorage account.
Claim
After you lock your BTC_MEZO, you will see your veBTC on Mezo from the Mezo dapp. Click on Claim, then click the Claim button in the modal. The claim will complete.
Staking or locking MEZO
Locking MEZO_MEZO
You must hold MEZO_MEZO and BTC_MEZO (for fees) in your wallet before you can lock.
Connect to Mezo
Follow the steps to connect Mezo to your Anchorage account.
Initiate lock
From the Mezo dapp homepage, click on Lock.
Enter lock details
Enter the amount of MEZO_MEZO you wish to lock and the staking duration.Locking your MEZO_MEZO for any duration locks your funds for the entire duration. Mezo does not allow unlocking before the lock period ends.
Approve the lock
Click the Lock button, then click Approve. Go to your Anchorage iOS app to quorum approve the operation. After you quorum approve, you may have to refresh the Mezo dapp to proceed to the next step.
Complete the lock
Go back to the Mezo dapp and click the Lock button again. Go to your Anchorage iOS app to quorum approve the operation. After you quorum approve, the Mezo dapp will display your locked MEZO as a veMEZO NFT.
Withdraw MEZO_MEZO from veMEZO
Connect to Mezo
Follow the steps to connect Mezo to your Anchorage account.
Initiate withdrawal
After you lock your MEZO_MEZO, you will see your veMEZO on Mezo from the Mezo dapp. Click on Withdraw All, then click Claim, then click Withdraw.
Approve
Go to your Anchorage iOS app to quorum approve the operation. Have your team members quorum approve the operation from the Anchorage iOS app. Anchorage will risk review the operation. The withdraw will complete.
View your veBTC or veMEZO NFT
Navigate to your vault
Go to your Anchorage vault where you hold the NFT.
Click the NFT tab
Find the tabs for Assets and NFT, then click on NFT.
View your NFTs
You will see your list of veBTC or veMEZO NFTs.
Pair & boosting
Pair your veBTC or veMEZO NFT
Navigate to the Lock tab
Go to the anchorage.mezo.org dapp. Click on the Lock tab on the sidebar.
Manage your veMEZO
Click on Manage next to the veMEZO you want to pair.
Pair and boost
Tap on the Pair & boost button. Select the veBTC and veMEZO NFT you wish to pair. Click on the Pair & boost button.
Create gauge
Click on the Create Gauge button to start signing the transactions to pair.
Vote and apply boost
Click the Vote button under Step 2: Vote on boost gauge. After your vote is confirmed, click on the Apply boost button in Step 3: Apply boost. You will see a confirmation screen showing your veBTC boosted from your veMEZO and your associated voting power.
Voting
Vote on staking gauges with your veBTC NFT
Navigate to the Vote tab
Click on the Vote tab on the sidebar after you pair and boost your veBTC.
Manage your veBTC
Click on the Manage button next to your veBTC.
Allocate voting power
Allocate 100% of your voting power to the BTC/MUSD staking gauge.This is the only staking gauge approved for Anchorage.
Submit vote
Click on Submit vote and sign the transaction from your Anchorage iOS app. View the “Vote completed” confirmation screen after your vote transaction completes.
